Jiaxin International Resources (03858) announces a profit for the year, with an expected mid-term net profit attributable to shareholders of approximately HK$1.45 billion to HK$1.55 billion, turning last year's loss into profit.

JIAXIN INTL RES (03858) announced that the Group is expected to achieve a net profit attributable to equity holders of the company of approximately HK$1.45 billion to HK$1.55 billion for the six months ending on June 30, 2026, compared with a net loss attributable to equity holders of approximately HK$6 million for the same period in 2025, turning losses into profits. Based on the information currently available, the profit for the period was mainly due to the income from the commercial mining and production of tungsten concentrates by the Group during the period. The significant increase in net profit attributable to equity holders for the period was attributed to two main reasons: (1) the Group commenced commercial production in April 2025, with less than 2 months of production time in the same period of 2025, but achieved 6 months of production during the period; (2) after the commencement of commercial production, the average selling price of tungsten concentrates increased significantly during the period. The Group is currently implementing production and operation in an orderly manner according to the annual plan, and all disclosed matters are being steadily promoted.